By: Michael Frasher

Money is something that is used all around the world. Every country has its own special name that represents what it is called. Money comes in paper which is called a banknote (paper money) and coins. In the old days before there were banknotes and coins, money could have been something such as a stone. You can also have a plastic card (a credit card) which is a modern day piece of money. Money might be different in a different country but remember it is used the same way to buy goods or services.

Eisenhower is on the dollar coin Kennedy is on the half dollar coin Washington is on the quarter coin Roosevelt is on the nickel coin Lincoln is on the penny coin

22 different colors are made to form eight inks to give the specific combination for one single note.

The 10,000 dollar bill is the largest bill ever printed in the U.S. This bill was first printed in In 1969 they were recalled and there are very few around today.

Yes, banknotes are made of special paper. Almost every banknotes is made of dense 80 to 90 per square meter starch paper.

The oldest written records of money are from Ancient Mesopotamia from about 4,500 years ago. They didn’t use banknotes and coins like we do, they used stones or weighed amounts of metal which led to the invention of coins.

The U.S. Mint produces about 11 to 20 billion each year. The U.S. Mint is a place that makes coins but also distributes U.S. coins to the federal reserve banks and branches.

Coins are made by a process called minting. Minting is the process of making coins.

The Central banking system of the United States is the Federal Reserve system. A responsibility of the Federal Reserve is providing stability for banking institutions. There are 5 parts of the federal reserve they are Board of Governors, Federal Open Market Committee, Federal Reserve Banks, Member Banks, Advisory Councils.

The reason credit cards were invented is because banks wanted to keep up with credit as in owed money better.

Money in Different Countries >

Dollar- 100 cents Banknotes- 1,000, 500, 100, 50, 20, 10, 5, 2, 1 dollar Coins- 25, 10, 5, 1 cent

Peso Banknotes- 50,000, 20,000, 10,000, 5,000, 2,000, 1,000, 500 peso Coins- 500, 200, 100, 50, 20, 10, 5, 1 peso

Lira Banknotes- 100,000, 50,000, 20,000, 10,000, 5,000, 2,000, 1,000 lira Coins- 500, 200, 100, 50, 20, 10 lira

Pound- 100 piasters Banknotes- 100, 50, 20, 10, 5, 1 pound 50, 25 piasters

Franc- 100 centimes Banknotes- 500, 200, 100, 50, 20 franc Coins- 10, 5, 2, 2, 1 franc 50, 20, 10, 5 centimes

Drachma- 100 lepta Banknotes- 5,000, 1,000, 500, 100, 50 drachma Coins- 50, 20, 10, 5, 2, 1 drachma 50 lepton

Yuan- 10 Jiao, 100 fen Banknotes- 10, 5, 2, 1 yuan 5, 2, 1 jiao

The official currency of the European Union is the euro. It is used in 16 of the 27 member states in Europe. The reason why they invented the euro which began use in 1995 is, because the number of various forms of currency were so great in a very small area. Banknotes- 5, 10, 20, 50, 100, 200, 500 Coins- 1, 2, 5, 10, 20, 50

Cribb, Joe. Eyewitness Books Money. New York. Alfred A. Knopf, Inc Stanzerfield, Kenny. $500 to $1,000 to $10,000 and Beyond: The Biggest Dollar Bills in United States History. Offbeat. February 12, and-beyond-the-biggest-dollar-bills-in- united-states-history/ and-beyond-the-biggest-dollar-bills-in- united-states-history/ Federal Reserve System. Wikipedia.

About the United States Mint. ash=yes ash=yes Banknote. Wikipedia. Why were credit cards invented? nvented nvented Who are the presidents on the U.S. coins? _US_coins _US_coins Euro. Wikipedia.

Johnson, David. “Euro Makes Its Debut.” Euro. Cribb, Joe. Eyewitness Books Money. New York. DK, Inc. 2003